So here I am, very excited that I found the house of my dreams. Contract executed and submitted to the bank (short sale of course) I waited and waited and waited, it's now 4 months later, I got the call from my Realtor, "your offer has been accepted."
Now after waiting for so long I was hoping to hear closing will be in 30-45 days, but not so. The offer was made with a closing date of 3 months down the road.
What is going on? Are the banks really trying to get these homes off their books?
You might want to read this Article.
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Congratulations! Well, maybe there is a backlog as well as there are new changes to the process. Think we may have also been spoiled by the fast paced buy and sell market that caused this housing problem without making sure things were being done correctly. You have been so patient already...time does go by fast. :)
ReplyDeleteThank you Dawn.
ReplyDeleteWow! What an amazing home! Yes, I can imagine that the lenders are pretty backlogged. They are inundated with all sorts of modification loans and foreclosures. I'm so happy that you're able to snag this beauty!
ReplyDeleteWhat is your favorite part of the home?
Thank you Laura. The kitchen is my favorite.
ReplyDelete